Google TV box from Logitech will more often returned than sold

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From the figures of Logitech about the first quarter it appears that the Logitech Revue in that period, more is returned than sold. To the sales of the Google TV media box to stimulate, reduce Logitech the price of 249 to $ 99.

Logitech has in the presentation of the’s first quarter results will be fiscal year, which ends on march 31, 2012, not the number of geretouneerde and sold Revue-mediakastjes called, but the company indicated that the current userbase is still very small. With the price cut hopes Logitech the players faster to sell. As a result of the reduction of price had Logitech 34 million dollar flush on his stock Revue-players. Also the next update of Google TV, with an online store for applications, the sales boost.

The sale of Logitechs universal remote control Harmony, it also had to pay for it. The revenue therefrom decreased compared to the same quarter a year earlier, with a whopping 48 percent. According to Logitech this is mainly because there in the first quarter, no new Harmony products are introduced, while a year earlier in that period, two universal remotes were released.

Although the sales of Harmony remotes, decreased, increased in the United States, sales in units and for the region expected Logitech further growth. The European market for Harmony remotes remains, according to the company, certainly until the end of the year is uncertain.

Went very well with the sale of gameproducten. The revenue this has increased by a whopping 51 percent, while the number of sold devices with a 7 percent increase. The large increase in sales in the Gaming division of the company was according to Logitech, especially for the account of stuurtjes with a higher price level. Also the keyboards were sold well; this was an increase of 26 percent. Especially accessories for tablets, did well, and Logitech will be there in the future than more to focus on.

Mainly as a result of the recognition of the loss on the Revue inventory, the operating profit is negative at a loss of $ 45 million, compared with a profit of 12 million dollars a year earlier. However, sales rose a minimal of 479 million to 480 million dollars.